Notable filings

During the holiday-shortened week of April 2 to 4, notable shareholding changes at Bursa Malaysia-­listed companies included those at Hong Leong Financial Group Bhd (KL:HLFG), which saw the Employees Provident Fund (EPF) resurface as its substantial sh...

Insider Moves: Hong Leong Financial Group Bhd, NexG Bhd, MMAG Holdings Bhd, Propel Global Bhd, MCE Holdings Bhd, CPE Technology Bhd

US President Donald Trump’s actions have sent the world equity markets, including Wall Street spiralling downwards yet again.

Last week, his broad-based reciprocal tariffs slapped on a few dozen countries, including 24% on Malaysia, saw Asian markets tumble even as fears of a global rec...

Special Report On Trump Tariffs: Global equity rout as recession fears grow; tech stocks worst hit on Bursa 

COMPANIES listed on Bursa Malaysia are turning to share buybacks to prop up their stock prices amid the recent weakness in the stock market. The FBM KLCI is in the red year to date (YTD), down 7.1% to close at 1,526.52 points last Wednesday. Some RM230 billion in market value has been wiped off f...

Share buybacks in vogue again amid market uncertainty

OF the 115 companies that had a market capitalisation of at least RM1 billion as at last Tuesday, 95 - or 83% - have seen a year-to-date (YTD) fall in their share prices. Taking a defensive investment approach in the challenging market, The Edge highlights 10 stocks worth looking at in the second...

Cover Story: Battered stocks worth a look

IN 2024, the local stock market posted its first annual positive return since 2020, outperforming the MSCI Asia Pacific and MSCI Asean indices and prompting hopes that the trend would continue into 2025.

It has not — at least not in the first three months of the year. The local bourse h...

Cover Story: Risk-off mode likely to continue in 2Q on continuous foreign fund outflows

ALLEGATIONS circulating online against IJM Corp Bhd (KL:IJM) and its leadership last week further weighed on the conglomerate’s share price that was already battered by a heavy sell-off in data centre-linked stocks.

Following last week’s hammering, value appears to have emerged in IJM, ...

Value seen in IJM Corp amid allegations

GLOBAL financial markets have not been in a good shape since the start of the year. And for more than five months now, foreigners have been net sellers of equities on Asian emerging markets. Last week, a sudden sharp fall in Indonesian stocks raised the alarm about the faltering economic outlook ...

Weak regional sentiment to linger amid Indonesian and Thai market rout, say analysts

In 2024, the local stock market posted its first annual return since 2020, outperforming the MSCI Asia Pacific and MSCI Asean indices, and raised hopes that the trend would continue into 2025. It has not — at least not in the first three months of the year.

Seeking opportunities in a risk-off market

Brokers Digest: Local Equities - Telecommunication, Swift Energy Technology Bhd, Kerjaya Prospek Group Bhd, Gamuda Bhd

GLOBAL market risks are tilting towards the wrong end of the spectrum amid elevated trade tensions between the US and a slew of countries, fuelling concerns of stagflation and recession risks in the world’s largest economy, notwithstanding US President Donald Trump’s pro-growth agenda.

...

The State of the Nation: Heightened tariff storm increases US risk of stagflation and recession, say economists 

theedgemalaysia.com highlighted three stocks with momentum at Bursa Malaysia’s noon break on Wednesday.

Stocks with momentum on April 23, 2025: Peterlabs, Leform, Magma Group

THE feud between siblings Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsuddin of the Sapura group of companies is likely to generate considerable interest, with Shahriman’s petition to wind up Sapura Holdings Sdn Bhd slated to be heard in court on April 22.

Petition to wind up Sapura Holdings to be heard in court this week

It’s an unlikely marriage: Moneyball and Mohamed. Hard-nosed American hedge fund investors in raw talent and the biggest sports superstar in the African, Arab and Muslim worlds. But Liverpool FC’s owners and Mo Salah have renewed their vows to make it a decade-long union, and it’s hard to say who...

Business Of Sports: A win-win situation as Egyptian king continues his Liverpool reign

Ramssol Group Bhd (KL:RAMSSOL) is eyeing potential revenue of one billion Thai baht, or about RM131.6 million, over the next three years from artificial intelligence (AI) solutions in Thailand.

Ramssol eyes RM130m potential revenue from AI solutions roll-out in Thailand

KUALA LUMPUR (April 23): Malaysia’s 30-stock benchmark FBM KLCI constituents will achieve modest earnings growth of 2% in 2025, even under a stressed scenario involving escalating tariff risks, according to Kenanga Research’s latest market strategy report.

KLCI valuations will stay positive even with escalating tariff risks — Kenanga

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa can testify as a defence witness in the ongoing 1Malaysia Development Bhd (1MDB)-Tanore criminal trial of former prime minister Datuk Seri Najib Razak.

Ex-Goldman banker Roger Ng can testify as Najib's defence witness, court rules

KUALA LUMPUR (April 23): Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han announced that Forest City’s Special Financial Zone (SFZ) has welcomed its first family offices, CMY Capital Family Office and Yow Kee Family Office, and attracted interest from 32 companies to set up operations in Johor Bahru.

Forest City SFZ welcomes first family offices, sees interest from 32 companies

US President Donald Trump said he plans to be “very nice” to China in any trade talks, and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.

Trump floats cutting China tariffs ‘substantially’ in trade deal

Permira Holdings Ltd is overhauling its Asia strategy, closing offices in Hong Kong and Shanghai and shuffling senior leadership to India, where it sees stronger momentum and a more robust pipeline for deals, people familiar with the matter said.

Permira closing Hong Kong, Shanghai offices in pivot to India, Bloomberg reports

KUALA LUMPUR (April 23): Malaysia’s exports are likely to be impacted by the imposition of any direct tariffs, global growth slowdown, or possible recession, but the longer-term outlook remains bright, as there is room for the country to benefit from supply-chain diversification, said Franklin Templeton.

Direct tariffs may likely impact Malaysia’s exports; outlook bright on supply-chain diversification — Franklin Templeton

US President Donald Trump said he plans to be “very nice” to China in any trade talks, and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.

US Treasury Secretary Scott Bessent told a closed-door investor summit on Tuesday that the tariff stand-off with China cannot be sustained by both sides, and that the world’s two largest economies will have to find ways to de-escalate.

US Treasury Secretary Bessent expects tariff stand-off with China to de-escalate

SYDNEY (April 23): Stock markets were enjoying a much-needed relief rally in Asia on Wednesday, after US President Donald Trump&nbsp;said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for&nbsp;China.

Stocks, dollar rebound in Asia as Trump steps back

(April 23): It’s 8am and already sweltering at the&nbsp;Pomina Flat Steel JSC&nbsp;plant outside Ho Chi Minh City, as&nbsp;the night shift’s last pour of molten metal is shaped, cooled and cut into rods. Down the road, at a Vietnam Steel Corp facility, a&nbsp;long strip is uncoiled into an acid bath and fed through a powerful press, making it thinner but tougher.

In China’s backyard, steel buyer Vietnam is trying to stem a tide of cheap metal

(April 23):&nbsp;Chinese corporate and government borrowers have pushed issuance of dollar and euro bonds to a record proportion of all such note sales in emerging markets (EM) this month, in one sign of resilience to the&nbsp;trade war.

Chinese foreign bond sales mark record share of total in emerging markets

Several areas in Selangor were affected by flash floods following heavy rainfall since early Wednesday morning.

Selangor Fire and Rescue Department assistant director of operations&nbsp;Ahmad Mukhlis Mukhtar&nbsp;said the affected areas were&nbsp;Sungai Buloh, Petaling Jaya&nbsp;and Subang Jaya.

Flash floods hit several areas in Selangor, no evacuations reported

The International Monetary Fund (IMF) has downgraded its real gross domestic product (GDP) growth forecast for Malaysia to 4.1% this year, from its January estimate of 4.7%, in line with a broader reduction in regional projections.

IMF cuts real GDP growth forecast for Malaysia to 4.1% in 2025

KUALA LUMPUR (April 23): Malaysia will likely miss some economic and policy targets held back by fiscal constraints, bureaucratic drag, and global macro headwinds, said BIMB Securities.

Malaysia will miss some targets amid fiscal, bureaucratic drag, macro headwinds — BIMB

Ferrotec Holdings Corporation, a Japanese advanced materials and component company, will be investing RM1 billion for the construction of its second manufacturing facility in Kulim, Kedah.

Japan's Ferrotec to invest RM1 bil in second plant in Kedah

KUALA LUMPUR (April 23): Bumi Armada Bhd (KL:ARMADA) is expected to report strong earnings in first quarter of 2025 (1QFY2025), but foresees a drop in the following quarters as its floating, production, storage, and offloading (FPSO) Kraken vessel sees a steep cut in its daily charter rates.

Bumi Armada to post strong 1Q earnings, later quarters impacted by FPSO Kraken rate cut — Maybank IB

Malaysia’s headline inflation slowed to 1.4% in March, mainly due to slower price increases for restaurants, personal goods, and water.

Inflation down to 1.4% in March as price increases for restaurants, personal goods, and services slow

The imposition of US duties on solar panels from Southeast Asia&nbsp;will have far-reaching implications for&nbsp;the manufacturing base across the region, according to the Federation of Malaysian Manufacturers (FMM).

US solar duties threaten Malaysia's role in global clean energy supply chain, says FMM

(April 23):&nbsp;The dollar advanced against its major peers after US President Donald Trump said he had no intention of firing Federal Reserve chairman Jerome Powell.

Relief rebound for dollar as Trump cools rhetoric on Powell

Japanese automaker Toyota Motor Corp&nbsp;on Tuesday signed an agreement to establish a wholly owned electric vehicle (EV) plant in Shanghai, in a strategic move to bolster its presence in China, the world's largest automotive market, Xinhua reported.

Toyota signs deal for US$2b EV project in Shanghai

(April 23):&nbsp;US equity futures surged and the dollar strengthened after President Donald Trump said he had&nbsp;no intention&nbsp;of firing Federal Reserve chair Jerome Powell, and as optimism grew that trade tensions may be easing.

US futures, dollar rise on Trump’s Fed backtrack

KUALA LUMPUR (April 23): Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han announced that Forest City’s Special Financial Zone (SFZ) has welcomed its first family offices, CMY Capital Family Office and Yow Kee Family Office, and attracted interest from 32 companies to set up operations in Johor Bahru.

(April 23): Intel Corp is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

Intel to announce plans this week to cut more than 20% of staff — Bloomberg

Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions, banking sources told Reuters.

'China Track' bank netting system shields Russia-China trade from Western eyes

This year marks the 60th anniversary of bilateral relations between Malaysia and Singapore. Since the latter separated from the Federation of Malaya on Aug 9, 1965, trade, investment and tourism between the two countries have remained robust.

Six decades of strong ties between Malaysia and Singapore

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa can testify as a defence witness in the ongoing 1Malaysia Development Bhd (1MDB)-Tanore criminal trial of former prime minister Datuk Seri Najib Razak.

Lee Weng Khuen

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Lee Weng Khuen

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌